Thai Beverage has seen continued growth under its Vision 2020 to solidify its position as the largest beverage company in Thailand and Southeast Asia, executive vice president Kosit Suksingha said in a press statement released on Thursday.

THAI Beverage Plc (ThaiBev), Thailand's biggest beverage producer, yesterday announced a major strategic reshuffle of executives under a revamped management structure that will back the company’s growth ambitions for its beer business in the Asean region.

A new application is at the centre of ThaiBev Group’s 2020 vision core strategy to strengthening sales and distribution.
At the recent ICT Excellence Awards 2018, Thai Beverage Plc was recognized for its new Van Sales and Merchandising System (VSMS), under the Core Process Improvement Project category.

Thai Beverage has completed four major acquisitions between October 1 2017 and December 31, 2017, the first quarter of its 2018 financial year, with aggregate value amounting to approximately Bt200 billion.

TRIS Rating has removed the “negative” credit alert implication placed on the company rating of Thai Beverage (ThaiBev) since December 20, 2017. At the same time, TRIS Rating has downgraded ThaiBev’s company rating to “AA” from “AA+”, with a “stable” outlook.

Vietnam’s Ministry of Industry and Trade announced this week that Vietnam Beverage, a unit of Thai Beverage, would hold at least a quarter share in Saigon Beer, Alcohol and Beverage Corp (Sabeco), in which the government plans to sell stakes totalling nearly US$5 billion.